President Joe Biden delivered a significant speech at the LBJ Presidential Library in Austin, Texas, on July 29, 2024. In his address, Biden criticized the U.S. Supreme Court for what he described as "extremism" undermining public confidence in the institution.
He called for Congress to establish term limits and an enforceable ethics code for the court's nine justices.
Additionally, Biden proposed a constitutional amendment to limit presidential immunity, a response to recent Supreme Court rulings that he argued shielded former presidents from prosecution.
Biden's proposals include:
A chart showing most OECD countries which have term limits or mandatory retirement age for justices serving their highest courts, including a proposal from US President Joe Biden for an 18-year term limit for US Supreme Court justices.
Biden's remarks come amid broader concerns among Democrats about the court's conservative majority and recent decisions on abortion, affirmative action, and voting rights. Vice President Kamala Harris endorsed Biden's proposals, citing a "crisis of confidence" in the court.
However, Republican leaders, including House Speaker Mike Johnson and Senate Republican Leader Mitch McConnell, criticized the proposals. Johnson called them a "dangerous gambit," and McConnell argued that Biden and his allies were attempting to undermine the Constitution.
Despite the political polarization, Biden emphasized the need for reforms to restore public trust in the judiciary and prevent abuses of power.
However, the likelihood of these reforms passing in a closely divided Congress remains uncertain.
The last constitutional amendment was ratified in 1992, highlighting the challenges of enacting such changes.
On Thursday (October 10), Bitcoin continued its downward trend yesterday and is currently trading around $60,500. Although the latest Federal Reserve minutes released dovish signals, it failed to boost Bitcoin. At the same time, Musk bluntly said that if Trump loses the election, he will be finished, Bitcoin will be finished, and Dogecoin will be finished.
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